Zhejiang Geely Holding’s Chairman, Li Shufu, stated on Wednesday China’s automotive industry deals with restructuring and bankruptcies in the next three to five years as the industry modifies itself. Li made the discussion on the sidelines of China’s annual parliamentary meeting held in Beijing.
Chinese automaker Geely has agreed to expand its present partnership with Proton Holdings Berhad to upgrade the Malaysia automaker’s line-up of vehicles and power Proton go beyond Malaysia, part of continued effort to assist Proton establish a presence in China and other worldwide markets. In order to take Proton beyond Malaysia, Zhejiang Geely Holding Group […]
Volvo Cars is increasing its investment twice in its first U.S. plant under construction to include a second production line at an overall cost of $1 billion, a source with understanding of the plans stated, as the automaker heads for a 4th straight year of record sales. The move to raise capacity even prior the […]
All Volvo vehicle models introduced after 2019 will be electric or hybrids, the automaker stated on Wednesday, making it the first significant traditional automaker to schedule a date for phasing out vehicles powered entirely by the internal combustion engine. The Sweden-based automaker will continue to produce pure combustion-engine Volvos from models released prior to that […]